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Report: Blockchain.com Cuts Employees by 25%, Executive Salaries Reduced

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According to a recent report, Blockchain.com has arranged off 1 / 4 of the company’s employees and it’s closed the crypto company’s Argentina-based offices furthermore. The layoffs follow the report that noted Blockchain.com lost $270 million because of exposure to 3 Arrows Capital (3AC).

Blockchain.com Lays Off 150 staff Citing Crypto Winter Conditions

  • On July 21, 2022, a Blockchain.com representative told Coindesk in an email that the corporation has arranged off 250 staff or 25% of the employees. The corporate notes that government salaries and CEO’s compensation were also cropped.
  • According to the communicator Ian Allison’s words from the supply, Blockchain.com cited “harsh securities industry conditions” and therefore the want to “absorb money losses.” Allison was conjointly the communicator that exposed Blockchain.com lost $270 million over exposure to 3AC as Allison was ready to review a letter to shareholders written by the chief operating officer Peter Smith.
  • The source on Thursday explained that the firm’s recent 25% reduction has brought Blockchain.com’s men all the way down to the dimensions it absolutely was in Jan. The corporation jointly closed its Argentina-based offices and specific components of the company are tempered.
  • The report notes that efforts dedicated to institutional disposal, play ideas, and therefore the company’s non-fungible token (NFT) marketplace are slowed. Blockchain.com’s layoffs follow a variety of companies that have revealed employee cuts as well as crypto firms like Bitso, Robinhood, Coinbase, Gemini, 2TM, Rain money, Blockfi, Bitpanda, Buenbit, and Crypto.com.
  • The largest NFT marketplace by sales volume Opensea only in the near past cut 20% of its employees and Gemini had its second spherical of layoffs in the week furthermore. To date, a couple of thousand workers from varied cryptocurrency and blockchain-related companies are abandoning and every one of the businesses have cited the pessimistic crypto winter.

The post Report: Blockchain.com Cuts Employees by 25%, Executive Salaries Reduced first appeared on BTC Wires.



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Blockchain.com Links Multi-Year Deal With Dallas Cowboys Star Quarterback Das Prescott

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The crypto firm Blockchain․com declared on Tuesday that the corporate has linked a multi-year partnership alter the urban center Cowboys quarterback palas town. Blockchain.com says the Cowboys quarterback can seem on TV, radio, and social media so as to bring his “personal complete strength to introduce crypto to a broader audience.”

Dallas Cowboys Quarterback Das Prescott Becomes Blockchain.com’s Brand Ambassador

Blockchain.com has partnered with the star soccer quarterback for the urban center Cowboys of the National Football League (NFL), in line with an associate announcement created on Tuesday. Dalas Prescott is an acknowledged NFL player, because the jock was chosen by the Cowboys because of the fourth-round 2016 draft decided.

Prescott was alleged to be a backup quarterback for the Cowboys’ starter Tony Romo, however once the beginning quarterback Romo was cut, town took the lead. His on-field performance light-emitting diode the Cowboys to a booming season and town was given the title of “NFL Offensive tiro of the Year.”

The crypto firm Blockchain.com had already signed an agreement to alter the urban center Cowboys in the period. the corporate became the NFL team’s “exclusive digital asset partner” and also the crypto company aforesaid it might seem in tv ads, signage, and radio. Dalas Prescott  can do the same thing for Blockchain.com, in line with the announcement on Tuesday, because the company said  are going to be “featured across TV, radio, social media, and digital, similarly as in choosing physical appearances.”

The NFL quarterback can primarily “introduce crypto to a broader audience,” Blockchain.com said. “Down the road, fans will expect tutorial videos on the way to use the Blockchain.com Wallet, and extra content to market monetary accomplishment,” the crypto company explained throughout the announcement.

“As I’ve aforesaid before, the planet desires amendment,” the urban center Cowboys quarterback town aforesaid in a very statement. “Crypto offers a path to monetary freedom and stands to rework our relationship with cash. I’m honored to assist generate awareness aboard Blockchain.com as they work towards building the longer term of finance.”

The deal follows variety of star sports athletes stepping into digital currencies and non-fungible token (NFT) technology. NFL players together with Odell Beckham Jr. Saquon Barkley , Russell Okung, Aaron Jones, Patrick Mahomes, Rob ‘Gronk’ Gronkowski, and Tom Brady have all backed crypto comes in some type or another.

Furthermore, in May 2021, the exchange-traded product GBTC establishment Grayscale Investments became the official digital currency plus management partner for the New York Giants. Six days past, the NFL franchise the Houston Texans partnered with the corporate Bitwallet, and also the NFL team is commerce single game suites for cryptocurrencies.

The post Blockchain.com Links Multi-Year Deal With Dallas Cowboys Star Quarterback Das Prescott first appeared on BTC Wires.



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